April 24, 2024 10:50 pm
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Housing market regaining strength after a long, uneven recovery

Housing market

Housing marketBy Laura Kusisto | The Wall Street Journal

Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.

The S&P/Case-Shiller Home Price Index, covering the entire nation, rose 4.4% in the 12 months ended in May, slightly greater than a 4.3% increase in April.

The 10-city and 20-city indexes saw similar increases in May as in April. The 10-city index gained 4.7% from a year earlier, slightly stronger than a 4.6% increase in April. The 20-city index gained 4.9% year-over-year, identical to the increase in April.

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